Gold rises as markets weigh ceasefire and inflation data
Spot gold rose 0.3 percent to 4,728 dollars as investors assessed the US-Iran ceasefire. Markets now await inflation data for cues on future interest rates.
Xurve View
Insights:
Xurve View
Gold prices edged higher on Thursday as investors monitored a tenuous ceasefire between the United States and Iran while awaiting significant economic data. Spot gold rose 0.3% to $4,728.18 per ounce by mid-morning, following a peak reached on Wednesday. Meanwhile, gold futures for June delivery saw a slight decline of 0.5%, settling at $4,754.30.
Market analyst Ross Norman observed that the current environment remains volatile due to geopolitical developments.
